Temasek-owned transport operator SMRT Corp is merging its taxi business with newly sold Premier Taxis’ to form Singapore’s second-largest cab operator with a fleet of around 2,500 taxis. Premier, once owned by the scions of the Chua family, which started Mercedes-Benz...
In an announcement on Thursday, SMRT said Strides Taxi and Strides Automotive Services will be merged with Premier Taxis and Premier Automotive Services to create Singapore’s second-largest taxi operator “with a significant presence in the point-to-point transport industry”.
Mr Ang Wei Neng, chief executive designate of Strides Premier, said: “This merger is a significant milestone to help drive greater efficiency and better services for both our vehicle hirers as well as end-users.” There are now fewer than 14,000 taxis on the road, less than half the fleet size in 2012. To counter the business erosion, all taxi companies here have ventured into the private-hire vehicle sphere.In March, Senior Minister of State for Transport Amy Khor told Parliament that the number of point-to-point transport trips recovered in 2022 to about 80 per cent of pre-pandemic levels.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SMRT and Premier merge taxi businesses to form second largest cab companyThe new joint venture company, Strides Premier, will have a fleet of around 2,500 taxis. Read more at straitstimes.com.
Read more »
Strides and Premier to merge, forming Singapore’s second-largest taxi operatorSINGAPORE — Strides Taxi and Premier Taxis will merge to create Singapore's second-largest taxi operator, transport operator SMRT announced on Thursday (Apr 13) in a news release.
Read more »
Strides and Premier to merge, forming Singapore’s second-largest taxi operatorSINGAPORE: Strides Taxi and Premier Taxis will merge to create Singapore's second-largest taxi operator, transport operator SMRT announced on Thursday (Apr 13) in a news release. A new joint venture company, Strides Premier, will be formed to hold the merged business. The merger will take effect
Read more »
United States to host Premier League pre-season tournamentThe United States will host a pre-season tournament featuring six Premier League clubs from July 22-30, the English top-flight league said on Tuesday.The six clubs involved in the tournament are Aston Villa, Brentford, Brighton & Hove Albion, Chelsea, Fulham and Newcastle United. The teams will compete in
Read more »
Real's Ancelotti backs Lampard, rules himself out of Chelsea returnReal Madrid head coach Carlo Ancelotti backed Frank Lampard to do well as manager of his former side Chelsea and ruled himself out of a return to the Premier League club ahead of the two teams' Champions League quarter-final first leg on Wednesday.Ancelotti, who guided Chelsea to the Premier League and FA
Read more »
Man Utd to accept third round bids ahead of potential sale - reportManchester United will accept a third round of bids from prospective buyers at the end of the month as the Premier League club's owners explore a sale, sports industry news site Sportico reported on Tuesday.Manchester United and Raine Group, the investment bank running the bidding process, did not immedia
Read more »